Cox Center | Photo by Grace Ramsdell | Edited by Kayli Thompson | The Wright State Guardian
At the Wright State University (WSU) Board of Trustees public session on Sept. 18, the sale of the Cox Center as well as 3171 Research Park Blvd. were finalized, which will bring in $3.5 million in revenue for WSU.
Properties sold
3171 Research Park Blvd. is where the Boonshoft School of Medicine’s Emergency Medicine Residency Program is currently being held.
“From my perspective, the sale was expected, and we anticipate moving in the coming months but do not have a date yet,” said professor & Dean of Geriatrics Dan Swagerty Jr., whose office currently resides in 3171 Research Park Blvd. “We have had space there for about two years for both our departmental administrative offices and a teaching conference room for our larger group sessions.”
The sale of these two properties was decided in order to help WSU continue in the effort to consolidate and to reduce operating expenses.
“Approximately $1.2 million of the sales proceeds will be used to move the affected departments and the emergency medicine simulation labs to new locations,” said Director of Communications Seth Bauguess. “The remainder of the sales proceeds are slated to go to reserves.”
It is still unknown where programs within the Cox Center and 3171 Research Park Blvd. will end up. The vacating of both buildings is estimated to be early 2021.
Properties obtained
In addition to the two properties sold this past month, the WSU Board of Trustees obtained four properties for future use from the Double Bowler Properties Corporation, a WSU non-profit that helps to manage various real estate investments made over the years.
The four properties obtained are as follows:
- The National Center for Medical Readiness (also known as Calamityville), which is actively used for medical readiness training for many organizations.
- A 38-acre lot behind WSU Lake Campus with the hopes to expand the campus itself.
- Two vacant residential lots by the Duke Ellis Center in downtown Dayton, with the hopes to possibly expand the Duke Ellis Center parking lot.
The newly acquired properties by WSU did not warrant any monetary exchange.
“Those four properties are being transferred from being held (owned) by Double Bowler Properties to being owned directly by the university,” said Chief Operating Officer Greg Sample. “There is no cost involved. The properties are simply being transferred.”
There is no indication yet as to when construction may begin on any of these four newly acquired properties.
